Month: February 2025

SINGAPORE (EDGEPROP) – The top profitable resale transaction for the week of Feb 7 to Feb 14 was recorded at Mandarin Gardens, with a 3,800 sq ft, four-bedroom unit fetching $4.88 million, or $1,284 psf on Feb 11. This sale resulted in a hefty $3.83 million profit for the seller, translating to an annualised capital gain of 7.4% over 21½ years. According to URA records, the eighth-floor unit last changed hands for $1.05 million, or $276 psf, in June 2003. The deal also breaks a record for the most profitable transaction recorded at Mandarin Gardens, previously held by a 3,068 sq ft, four-bedroom unit that generated a profit of $2.7 million (193%), or an annualised gain of 5.5% over 20 years. The condo has been experiencing stagnant resale prices since September 2023, with the average resale price breaking the $1,300 psf mark before peaking at $1,316 psf in June 2024 before falling slightly to $1,310 psf as of Feb 25. It is currently one of the most profitable projects with a total of four profitable transactions within a 12-month period. The second most profitable resale transaction recorded for the period in review was at Parvis, a 12-storey condo development located along Holland Hill in prime District 10. On Feb 10, a 2,260 sq ft, three-bedroom unit on the second floor was sold for $4.78 million ($2,115 psf). The previous transaction for the unit was in December 2009, when the then-developer sold it for $2.78 million, or $1,230 psf. This meant a profit of $2 million (71.9%), or an annualised gain of 3.6% over 15 years. Half of Parvis’ ten most profitable transactions were closed after October 2017, which is when prices began to bottom out, hitting almost $1,500 psf. Feb 2023 saw a slightly higher peak transacted price of $1,590 psf before it declined to $1,512 psf as of Jan 2025. Meanwhile, the most unprofitable transaction recorded during the period in review was that of a two-bedroom unit at Scotts Square. On Feb 13, the 947 sq ft unit on the 28th floor sold for $3.08 million ($3,252 psf), which is a $745,880 (19.5%) loss for the seller. This translates to an annualised loss of 1.3% over 17 years. Of the 69 unprofitable transactions recorded at Scotts Square since its launch in 2007, over one-quarter of them have resulted in seven-figure losses. The most unprofitable dealt with a 1,249 sq ft, three-bedroom unit, which was sold in February 2017 for $3.65 million ($2,923 psf). The sellers purchased it during launch in August 2007, for $5.21 million ($4,171 psf), resulting in a loss of $1.56 million (30%) over 10 years. The unit prices at Scotts Square has been declining since the launch in 2007. The peak is set at $4,054 psf in July 2007 before bottoming in August 2020 at $3,330 psf. As of Feb 2025, the average resale price of units is $3,398 psf. Scotts Square has 338 residential units, 20 one-bedroom units from 624 sq ft to 742 sq ft, 276 two-bedroom units from 840 sq ft to 1,259 sq ft, 32 three-bedroom units from 1,249 sq ft to 1,615 sq ft and 10 four-bedroom units from 2,260 sq ft to 3,229 sq ft. There are also 10 penthouses from 2,411 sq ft to 6,899 sq ft. The condo also has concierge services, a gym, a lap pool and a sky pool on the 35th floor.Mandarin Gardens is a 99-year leasehold condo development built on a 1.07 million sq ft land along Siglap Road in District 15. The project spans 17 nine-storey to 23-storey blocks with 1,006 residential and 11 strata commercial units. Apartment types are a mix of one- and two-bedders from 732 sq ft to 1,001 sq ft, three-bedders from 1,528 sq ft to 1,722 sq ft and four-bedders from 3,800 sq ft to 3,800 sq ft. Mandarin Gardens is close to East Coast Park, Parkway Parade Mall, SingPost Centre and the upcoming Thomson-East Coast Line, which will have a Siglap MRT station nearby.Parvis is a 248-unit, 12-storey mixed-use condo project situated along Holland Hill in prime District 10. On the first to fourth floors, there are three retail units, and on the fifth to 12th floors, are 245 residential units. Residential units are a mix of two-bedders from 990 sq ft to 1,001 sq ft, three-bedders from 1,528 sq ft to 1,528 sq ft and four-bedders from 2,605 sq ft to 2,605 sq ft. The condo has a 2006 TOP. The condo is five minutes away from Holland Village MRT Station along the Circle Line. It is also close to Orchard Road and the Holland Village shopping and dining district. Published on : Monday, February 28, 2022

Investing in a condo in Singapore offers numerous benefits, with one of the most attractive being the potential for capital appreciation. This is due to Singapore’s ideal position as a leading business center, along with its robust economic foundation, resulting in a constant demand for real estate. In recent years, the property market in Singapore has consistently risen, with prime location condos experiencing significant appreciation. By strategically entering the market at the opportune time and holding onto their properties for an extended period, investors can reap substantial gains. Additionally, with the introduction of new Singapore projects, the potential for even greater capital appreciation is evident.

Mandarin Gardens, a 1,006-unit 99-year leasehold development located along Siglap Road in District 15, has recently recorded the most profitable condo resale transaction in the week from February 7 to February 14.

This transaction, which occurred on February 11, involved a 3,800 sq ft four-bedroom unit that was sold for $4.88 million, or $1,284 psf. The previous transaction for the same unit was back in June 2003, when it was sold for $1.05 million, or $276 psf, resulting in a profit of $3.83 million for the seller.

This translates to an annualized capital gain of 7.4% over 21.5 years. According to URA records, this is the highest profit recorded for a transaction at Mandarin Gardens so far.

The second most profitable transaction recorded during the period in review was at Parvis, a freehold condo located along Holland Hill in prime District 10. On February 10, a 2,260 sq ft, three-bedroom unit on the second floor was sold for $4.78 million, or $2,115 psf.

The previous transaction for this unit was in December 2009, when it was sold by the developer for $2.78 million, or $1,230 psf. This resulted in a profit of $2 million for the seller, translating to an annualized gain of 3.6% over 15 years.

As for the most unprofitable transaction recorded during the period in review, it involved a 947 sq ft two-bedroom unit at Scotts Square, a mixed-use freehold development located along Scotts Road. This unit was sold for $3.08 million, or $3252 psf, on February 13. The previous transaction for the same unit was back in December 2007, when it was sold for $3.83 million, or $4039 psf, resulting in a loss of $745,880 for the seller.

Looking at the past year, Parvis has been one of the most profitable projects, recording four profitable transactions in total. On the other hand, Scotts Square has recorded 69 unprofitable transactions since its launch in 2007, with more than one quarter of these transactions resulting in seven-figure losses for the seller.

The average resale price for units at Scotts Square has been on a declining trend since the project’s launch, with the peak being $4054 psf in July 2007. Similarly, the average resale price for units at Parvis peaked at $1590 psf in February 2013, before declining to $1512 psf as of January 2025.

Mandarin Gardens is close to East Coast Park, the Parkway Parade Mall, SingPost Centre, and the upcoming Thomson-East Coast Line, with the Siglap MRT Station close by.

Parvis is close to Holland Village MRT Station along the Circle Line, and is also close to Orchard Road and the Holland Village shopping and dining district.…

During the period of Feb 7 to 16, the private condo market saw a new record for the highest psf-price achieved. Topping the list was the sale of a two-bedroom unit at Hill House, which sold at a peak of $3,398 psf on Feb 16. This beats the previous record of $3,378 psf set on Feb 11 for another two-bedroom unit of the same size on the eighth floor.

Hill House, a 999-year leasehold development located at the top of Institution Hill in District 9, comprises 72 units and was launched in 2022. It consists of 40 one-bedroom units, 24 two-bedroom apartments, and eight three-bedroom apartments. The recent transaction, sold by the developer for $1.54 million, marginally surpasses the previous record set in February.

As of February 16, 37 units (51.4%) have been sold at an average price of $3,152 psf since the launch of Hill House in November 2022, according to URA caveats. The condo is still under construction and is expected to be completed in the third quarter of 2026. Since the beginning of the year, eight units have been sold at an average price of $3,190 psf. This includes a 753 sq ft three-bedroom apartment that sold for $2.39 million on Jan 5 and is the most expensive unit sold so far at Hill House in terms of absolute price.

In second place on the list of condos with new psf-price highs is The Tresor, where a resale transaction of a 1,421 sq ft unit on the fifth floor was sold for $3.73 million ($2,625 psf) on Feb 10. This surpasses the previous record of $2,501 psf set in March 2024 for a 1,399 sq ft, three-bedroom unit on the second floor that sold for $3.5 million.

The Tresor, a 62-unit development located on Duchess Road in District 10, was completed in 2007 and offers a mix of two-, three-, and four-bedroom apartments ranging from 990 to 2,896 sq ft. The recent resale transaction is the first in a year, according to URA caveats, with the most recent transaction being in March 2024 for a 1,399 sq ft unit that sold for $3.5 million ($2,501 psf).

Finally, making it to the top three on the list is Jadescape, where a 1,647 sq ft, four-bedroom unit on the 22nd floor sold for $4.05 million ($2,459 psf) on Feb 7. This sets a new record for the District 20 development, beating the previous peak of $2,446 psf set in January for a 1,259 sq ft unit on the 10th floor. The most expensive unit sold at Jadescape in terms of absolute price is a 4,230 sq ft, six-bedroom penthouse that fetched $10.2 million ($2,399 psf) in December 2024.

Jadescape, a 99-year leasehold condo that was completed in 2022, comprises 1,206 units spread across seven residential towers. Located at the junction of Marymount Road and Shunfu Road, the development offers one- to five-bedroom apartments ranging from 527 sq ft to 2,099 sq ft, along with two penthouses of 4,230 sq ft. Notably, Jadescape commands one of the highest average transacted prices among condos within a 1km radius, with an average of $2,192 psf for transactions in the last 12 months, according to EdgeProp Research. Other nearby condos such as Tresalveo, Longhaus, and Thomson V Two have average transacted prices ranging from $1,712 to $1,912 psf, all of which are freehold developments.

Investing in a condo requires careful consideration of financing options. In Singapore, there are various mortgage choices available, but it is crucial to be familiar with the Total Debt Servicing Ratio (TDSR) framework. This framework sets a limit on the amount of loan that a borrower can take based on their income and current debt obligations. To ensure wise financial decisions, it is advisable to understand the TDSR and seek guidance from financial advisors or mortgage brokers. This will help investors avoid over-leveraging and make well-informed choices. Additionally, for a comprehensive list of available Singapore projects, visit Singapore Projects.

During this period, no new psf-price lows were recorded in the private condo market.…

Chiu Teng Group has once again proven its expertise in developing top-notch commercial and industrial spaces with the launch of its newest development – CT Pemimpin. As buyers and investors in land-scarce Singapore strive to find freehold properties, the nine-storey, partial ramp-up factory offers a gem for those seeking quality and convenience.

Renowned for its success in developing premium commercial and industrial spaces in Singapore, Chiu Teng Group is excited to launch its latest development – CT Pemimpin – a freehold B1 industrial building that is set to impress property investors and business owners alike.

Strategically located at 43 Jalan Pemimpin in the heart of the Central Region, CT Pemimpin is a nine-storey, partial ramp-up factory that consists of 56 strata-titled units and three canteen units. The building boasts floor heights ranging from 5.6m to 7.35m for selected units with mezzanine floors located on levels one and five. This provides businesses with ample space and flexibility for their operations.

One of the most attractive features of CT Pemimpin is its rare freehold status, which sets it apart from other industrial developments in the market that usually have a 30-year or 60-year lease. Additionally, buyers of commercial and industrial properties are exempt from Additional Buyer’s Stamp Duty (ABSD), making it an appealing investment option for both local and foreign buyers.

Kelvin Fong, Deputy CEO of PropNex Realty, comments, “With its strategic location and freehold status, CT Pemimpin is an exceptional investment asset for both investors and end-users.”

In addition to its freehold status, CT Pemimpin also boasts a generous one-to-one carpark ratio with 59 carpark lots, including two electrical vehicle lots, three lorry lots for less than 7.5m rigid-frame vehicles at the loading and unloading bay, two handicapped lots, and 34 bicycle lots. The development is also well-served by two passenger lifts and a service lift, making it easily accessible for all occupants.

Ken Low, SRI Managing Partner, adds, “One of the standout perks of CT Pemimpin is the allocated carpark lot for each of the 59 units, providing convenience for business owners. This allows for seamless accessibility and time-saving.”

Aside from its excellent carpark ratio, the partial ramp-up design of CT Pemimpin also enhances accessibility, making it easy for businesses to load and unload goods more efficiently. This will ultimately improve logistics efficiency, making it the ideal choice for businesses looking for convenience, functionality, and ease of access, in addition to its prime central location.

The demand for condos in Singapore remains strong due to a variety of factors. One of the key reasons is the limited amount of land available for development. As a small island nation with a rapidly expanding population, Singapore is faced with the challenge of scarcity when it comes to land. This has resulted in strict regulations on land use and a fiercely competitive real estate market that consistently drives up property prices. As a result, investing in real estate, especially in Singapore Condos, has become a highly lucrative venture, with the promise of significant capital appreciation.

Another key selling point of CT Pemimpin is its centralised location which is highly sought after by buyers and tenants. Situated in District 20, the industrial building is surrounded by well-established townships like Bishan, Upper Thomson, and Ang Mo Kio, providing a myriad of amenities. Its strategic location also offers excellent connectivity to all parts of Singapore, with easy access to three MRT lines, making it convenient for those who commute to work by public transport.

With its close proximity to Marymount MRT station (Circle Line), Upper Thomson MRT station (Thomson-East Coast Line), and Bishan MRT station (North-South Line), it is easily accessible for motorists as well, being close to major expressways such as PIE and CTE. Its strategic location is further enhanced by an upcoming expressway, the North-South Corridor, which will reduce travelling time from the north into the city when it is completed in phases from 2027. Various reputable schools are also nearby, including Raffles Institution, Catholic High School, and Eunoia Junior College.

In addition to its excellent connectivity, the building is also within a short distance to popular suburban shopping hubs such as Junction 8, Thomson Plaza, Velocity@Novena Square, AMK Hub, NEX, Woodleigh Mall, Toa Payoh HDB Hub. Furthermore, the development will be designed with thoughtful ‘end-of-trip’ facilities like a shower room, bicycle racks, and storage lockers, as well as communal facilities such as a sky garden with two rooftop pavilions for tenants or occupiers to host outdoor gatherings.

Mark Yip, CEO of Huttons Asia, comments, “With water-saving fittings, double-glazed windows for certain units, and many other green features for sustainability, CT Pemimpin aims to shape a greener and more committed future. It has superior specifications to cater to a wide range of end-users in industries such as e-commerce, media houses, telecommunications, software development, and more.”

Launched by Chiu Teng Group, a reliable property developer and builder with a proven track record, CT Pemimpin is the latest addition to its impressive portfolio, which includes well-received industrial and residential projects such as CT FoodNEX, CT Foodchain, The Creek@Bukit, Tagore8, and CT Hub & Hub 2. The preview of CT Pemimpin will end on March 25, 2025. Don’t miss this opportunity to own a rare freehold industrial space today! Call 8100 8017 or visit Chiu Teng Group to arrange a viewing.…

Resale prices for retail units at Sim Lim Square hover above district average The upcoming ERA auction will feature a pair of adjoining retail units on the third floor of Sim Lim Square with a total guide price of $3.38 million. The two units, which have a combined floor area of 1,528 sq ft, can be purchased together or separately. The larger unit, measuring 958 sq ft, is priced at $2.08 million ($2,171 psf), while the smaller unit, measuring 570 sq ft, has a guide price of $1.28 million ($2,246 psf). This is the first time both units have appeared on ERA’s auction listings, as they are being sold by their owner.

According to Alison Lee, assistant vice president of auction and sales at ERA, these units are competitively priced at slightly below the market average in order to attract a quick sale.

In the last 12 months, the average transaction price for retail units at Sim Lim Square was $2,997 psf, based on data from EdgeProp Singapore’s analytical tools. The most recent sale at the development was a 592 sq ft shop on the ground floor, which sold for $1.92 million ($3,241 psf) in December 2024.

Sim Lim Square is well-known as a technology hub, with a concentration of electronics, gadgets, and computer parts retailers. It also houses various food outlets and traditional Chinese medicine shops. Both retail units at the auction are currently tenanted, generating a monthly rental income of around $4.50 psf. Data from EdgeProp Singapore shows that rental yields for retail units at Sim Lim Square range from $4.20 to $7.30 psf per month, based on a rolling 12-month average.

The owners of Sim Lim Square attempted to sell the development through a collective sale in April 2019, with an initial reserve price of $1.25 billion. The property was relaunched for sale in December of the same year at the same price, but did not receive any offers. Plans for a subsequent collective sale attempt in 2022 led by a committee also fell through. Lee states that a new committee will be formed to consider another collective sale attempt in the near future.

The cityscape of Singapore boasts impressive skyscrapers and state-of-the-art development. Condominiums, strategically located in sought-after locations, offer a combination of opulence and practicality that appeals to both locals and foreigners. These residential complexes are well-furnished with top-notch facilities, including swimming pools, fitness centers, and round-the-clock security, elevating the living experience and making them highly attractive to potential tenants and buyers. For investors, these attractive features equate to higher rental returns and appreciate in property value over time. Moreover, with the introduction of new condo launches, the selection of these upscale homes is continually expanding.

Built in 1987, Sim Lim Square is a 99-year leasehold commercial complex located on Rochor Canal Road in District 7. It consists of six floors and two basement levels, with 492 retail and office units. The property sits on a land area of 78,152 sq ft and was completed in 1983. It is conveniently located within walking distance of Rochor and Jalan Besar MRT Stations on the Downtown Line, while the Bugis MRT Interchange connects the East-West and Downtown Lines.…

, with 16 units soldMost buyers of Treasure at Tampines are HDB upgradersSunset Way freehold site for sale for $16 milTampines EC E-applications to start from July 10

The proud father, Mr. Chong, had always supported his three sons when it came to setting up their homes. While his eldest son opted for a private condominium, his two younger sons purchased executive condominiums (ECs). According to Mr. Chong, buying an EC at a new launch was a clear choice, even if it meant making the purchase shortly after the five-year minimum occupation period (MOP). He believed that it was still a good entry price.

Mr. Chong had witnessed both scenarios firsthand. His second son had purchased a three-bedroom unit at the Hundred Palms Residences, a 531-unit development by Hoi Hup Realty that was launched in July 2017. However, his son had originally wanted a four-bedroom unit, but they were quickly snatched up. Despite this setback, Mr. Chong’s son has seen significant capital gains as the development was completely sold out on the first day at an average price of $841 per square foot (psf). The EC, located on Yio Chu Kang Road, was completed in 2019. Based on recent transactions in January and February, the average selling price was $1,769 psf, an impressive 110% increase in just eight years.

Mr. Chong also shared that his second son’s EC unit, which measures 1,055 square feet, has appreciated by about $1 million since its launch. These impressive capital gains have motivated many to upgrade to private housing, according to Mr. Chong.

Singapore’s cityscape is characterized by soaring skyscrapers and state-of-the-art infrastructure, giving it a modern and cosmopolitan feel. One of the most prevalent features of this landscape is the presence of luxurious condos, strategically located in prime areas. These condos offer a perfect fusion of opulence and convenience, making them a sought-after choice for both locals and expatriates. The array of amenities they provide, including swimming pools, gyms, and top-notch security services, elevate the standard of living and make them highly desirable to potential tenants and buyers. Additionally, investors stand to benefit greatly from these condos, as these attractive features result in high rental returns and significant appreciation of property values over time. For those interested in the dynamic real estate market of Singapore, Singapore Condo is a name that cannot be overlooked.

After living in The Interlace for the past decade, Mr. Chong sold his 1,260 square feet, three-bedroom unit in 2017 when his youngest son decided to set up his own home. In 2021, the Chong family purchased a 1,399 square feet, four-bedroom, dual-key resale unit at Twin Fountains, a 418-unit EC in Woodlands. The development was completed in 2016 and was a joint venture between Frasers Property and Lum Chang. This dual-key unit provides Mr. Chong with privacy as he occupies the one-bedroom studio, while his son and family reside in the three-bedroom apartment. Each apartment has its own separate entrance, while the main entrance is shared.

Despite purchasing the unit at a record high price of $1,000 psf in 2021, Mr. Chong pointed out that recent resale transactions at Twin Fountains have exceeded this price. For example, in February, a four-bedroom unit measuring 1,206 square feet was sold for $1.62 million, which translates to $1,344 psf. Mr. Chong believes that even if buyers miss the opportunity to buy at launch, as his son did, they can still reap significant gains in the resale market. The current prices at Twin Fountains are 30% higher than the purchase price in 2021.

Last October, City Developments launched Norwood Grand, a 348-unit private condominium in Woodlands. About 84% of the units were sold during its launch weekend at an average price of $2,067 psf, setting a new benchmark for Woodlands. According to Mr. Chong, this launch, with its average selling price that is 53.8% higher than the latest resale price at Twin Fountains, has generated renewed interest in the northern region due to the announcement of revitalization and new infrastructure, such as the Johor Bahru-Singapore Rapid Transit System (RTS) with the Singapore terminus in Woodlands North.

While the prices of ECs continue to rise, and there are caps on loan quantum, Mr. Eugene Lim, the key executive officer of ERA Singapore, believes that demand for these properties is still sustainable due to their affordability and lower price per square foot compared to 99-year leasehold private condominiums in the same area. Additionally, buying an EC does not require buyers to dispose of their existing home and incur additional buyer’s stamp duty (ABSD), making it an attractive option for HDB upgraders. Moreover, EC buyers can opt for a deferred payment scheme, where they only need to pay a deposit, with their loan only starting after the completion of the EC. This helps buyers avoid servicing two mortgages simultaneously while waiting for their new home to be completed.

While three new EC launches are expected this year, Mr. Lim believes that they are strategically spaced out across different locations, including Tampines, Pasir Ris, and Tengah, catering to the housing needs of Singaporeans across the island. Despite higher upfront costs, buyers are not deterred by the rising prices of ECs as they still see value in these properties, particularly HDB upgraders who are not subjected to ABSD and have the option of the DPS. Additionally, there is still a 42% median price gap between similar-sized homes in the EC market and 99-year leasehold private condominiums in the Outside Central Region (OCR).

Ms. Christine Sun, the Chief Researcher and Strategist at OrangeTee Group, has observed that this gap has been narrowing in recent years, from 49.4% in 2023 to 44.2% in 2024, and 43.6% in January 2025. She attributes this to the fact that EC prices have risen at a faster rate of 9.6%, compared to a 5.3% increase in non-landed home prices in the OCR over the same period.

As new non-landed private condominium prices in the OCR crossed the $2,200 psf mark in 2024, new ECs were sold at a median price of $1,539 psf based on caveats lodged, according to Mr. Ismail Gafoor, the CEO of PropNex. This reflects a price gap of 44.2%. He expects that the median price of new condos this year will exceed $2,200 psf.…

Understanding the regulations and restrictions regarding property ownership in Singapore is crucial for foreign investors. While the purchase of Singapore Condo is generally permissible for foreigners, stricter ownership rules apply to landed properties. The ABSD, set at 20% for first-time property buyers, is an additional cost that foreign buyers must bear. Nevertheless, the stability and growth potential of Singapore’s real estate market remain alluring to foreign investors.

According to data from C9 Hotelworks, an Asia-based hospitality consultancy, the market value of branded residential projects in Asia has reached an all-time high of US$26.6 billion ($35.5 billion). This is due to the availability of over 68,000 luxury units in the region.

Leading the way in branded residential units is Vietnam, with 17,680 across 59 properties. The average price for a branded residential unit in Vietnam is approximately US$350 per square foot (psf). Thailand comes in second with 16,271 units in 65 properties, with most priced at US$510 psf. The Philippines follows with 13,276 units in 46 properties, priced at around US$400 psf.

However, branded residences in Singapore command the highest prices in the region at US$2,140 psf, followed by Japan at US$1,935 psf.

“There are also emerging markets where branded residences have seen rapid growth in recent years, such as South Korea with 3,026 units across 16 properties and Malaysia with 6,014 units in 24 projects,” says Bill Barnett, managing director of C9 Hotelworks.

In the post-Covid-19 era, urban-branded residences make up 56% of the existing supply in Asia. These luxury projects in urban locations dominate the market in terms of value. For example, urban branded residences in South Korea are priced at US$2,670 psf, which is more than half the cost of resort projects, typically priced at US$1,040 psf. Similarly, in Thailand, urban branded residences fetch an average of US$770 psf, while those in resort locations sell for around US$430 psf.

Asia’s branded residential market currently comprises about 12,330 units in 80 developments affiliated with luxury hotel brands, making up 31% of the market supply. “The data shows that a reputable brand can help a property command a premium price of 30% to 35% above the market rate in the country. It also helps the developer gain a larger market share in the country,” says Barnett.

The appeal of top hospitality and lifestyle brands has also led to an increase in licensing fees, with luxury hotel and lifestyle brands now asking for 6% to 10% of the sale of each branded residential unit.

Last August, Thai developer Ananda Development and German automaker Porsche, through its lifestyle brand Porsche Design, launched the ultra-luxury Porsche Design Tower Bangkok in Thonglor. The 22-unit tower, set to be completed in 2028, is the first Porsche residential tower in Asia, following the Porsche Design Tower Miami which debuted a decade ago. Prices for the duplexes and quadplexes range from US$15 million to US$40 million.

Gianfranco Bianchi, general manager of Asia Pacific at The One Atelier, an international design consultancy specialising in branded residences for lifestyle brands, notes that more luxury lifestyle brands have been exploring partnerships to license their branding into real estate developments in the Asia Pacific region in recent years.

The company has worked with several high-profile brands to create branded residences, including the 28-unit Fendi Casa Residences by Armani in Miami, the 259-unit 888 Brickell by Dolce & Gabbana in Miami, the 90-unit Büyükyalı Residences in Istanbul, Turkey and the Karl Lagerfeld Villas, a collection of five ultra-luxury villas in Marbella, Spain.

While hospitality-affiliated branded residences offer top-notch hospitality services, fashion or design-branded residences provide rare trophy homes that embody the luxury aesthetic of these brands. Ananth Ramchandran, head of advisory and strategic transactions in hotels and hospitality (Asia) at CBRE, says cooling measures in the property market have led many high-net-worth Singapore-based buyers to consider trophy assets in nearby regional markets.

“We have seen a significant decrease in the discussion and inquiries from Singapore developers to explore high-end ultra-luxury branded residential projects in Singapore,” he says, adding that developers are now discouraged from entering this segment due to the cooling measures which have dampened foreign buyer demand.

Singapore-based high-net-worth buyers are now increasingly looking at luxury-branded residences in destinations such as Phuket and Bangkok in Thailand, Bali in Indonesia, and emerging markets in Vietnam, which are just a two-hour flight away.

“We have observed an increasing number of regularly scheduled direct flights between Singapore and Phuket, making it a more attractive location for Singapore-based buyers,” says Ramchandran.

Jason Thelen, senior director of sales and marketing at Sudara Residences, a Thai-based developer, adds that “Singapore has quickly become our top regional market for buyers looking for second homes, making up over 45% of regional purchases.”

Hospitality operators like The Ascott are also tapping into the growing demand for branded residences in Asia, says Saowarin Chanprakaisi, vice-president of business development at The Ascott. “We believe that our brands such as Ascott, The Crest Collection and Oakwood Premier have a strong reputation in the market.”

She adds that branded residential operators must build and maintain trust in their brand to ensure that they can deliver the level of service that translates into the long-term value of the asset. As such, The Ascott is looking to expand its market share in the region by partnering with developers to enter the branded residential market.…

When contemplating a condominium investment, it is crucial to also evaluate the potential rental return. Rental return refers to the yearly rental income as a percentage of the condo’s purchase price. In Singapore, rental returns for condos can vary significantly based on factors such as location, property conditions, and market demand. Condos located in areas with high rental demand, such as those near business districts or educational institutions, typically offer a better rental yield. Thorough market research and seeking advice from real estate agents can provide valuable insights into the rental potential of a specific condo. For more information on potential investment options, you can explore Singapore Projects.

Malaysian real estate company UEM Sunrise and Singapore-listed GuocoLand have recently signed a historic memorandum of understanding (MOU) between private companies from Malaysia and Singapore. The MOU, announced on February 27th, marks the first collaboration between the two countries in the Johor-Singapore Special Economic Zone (JS-SEZ).

The agreement will see UEM Sunrise and GuocoLand jointly develop select freehold land in Iskandar Puteri, Johor, with the aim of accelerating growth within the JS-SEZ. The signing ceremony was held in conjunction with the opening of UEM Sunrise Gallery Iskandar Puteri, a showcase of the company’s vision for the area.

Iskandar Puteri, which makes up Flagship Zone B of the JS-SEZ, is a strategic location for various industries such as manufacturing, business services, education, health, and tourism. With this collaboration, UEM Sunrise and GuocoLand aim to further unlock Iskandar Puteri’s potential and make it a more attractive destination for investment. This will be achieved through improving connectivity, nurturing talent development, and creating a business-friendly environment to drive sustainable economic benefits for Johor.

According to Hafizuddin Sulaiman, the Chief Financial Officer of UEM Sunrise, this partnership goes beyond just development and is about creating a thriving and future-proof economic hub that will bring long-term growth, job opportunities, and strengthen the JS-SEZ ecosystem.

The MOU will cover UEM Sunrise’s selected plots of land in two key master-planned areas within Iskandar Puteri – Gerband Nusajaya and Puteri Harbour. These sites are strategically located near Singapore, Senai Airport, and the Port of Tanjung Pelepas, making them ideal for driving long-term economic growth and positioning Iskandar Puteri as a robust business and investment hub.

Datuk Hisham Hamdan, Chairman of UEM Sunrise, highlighted in his speech that the JS-SEZ, developments in Iskandar Puteri, and strategic partnerships are all part of a bigger vision to establish Johor as a dynamic and progressive economy.

Cheng Hsing Yao, CEO of GuocoLand, also expressed his excitement about the collaboration, stating that the Singapore-listed property group will leverage their expertise in real estate development and asset management, as well as their understanding of the needs of companies from Singapore, Malaysia, and China looking to establish a presence in the JS-SEZ. He added that the combined experience of both companies will enable them to bring innovative developments to Iskandar Puteri and the wider JS-SEZ.

Prior to this collaboration, UEM Sunrise has played a significant role in the urban development of Iskandar Puteri with its existing residential townships, including the Aspira series and Senadi Hill, as well as commercial and retail hubs such as the upcoming 380-acre industrial park in Gerband Nusajaya.

The growth of Iskandar Puteri is expected to be further boosted by incentives and support schemes introduced by the Malaysian and Singaporean governments, which aim to attract more investments to the JS-SEZ. These measures include special tax rates, stamp duty exemptions, and capital allowances.…

Malaysian property developer UEM Sunrise and Singapore-listed GuocoLand have just inked the very first Memorandum of Understanding (MOU) between private companies from Malaysia and Singapore for the Johor-Singapore Special Economic Zone (JS-SEZ). According to a press release dated Feb 27, the two groups will be teaming up to develop UEM Sunrise’s selected freehold land in Iskandar Puteri, Johor, in order to boost growth within the JS-SEZ. The MOU signing took place alongside the grand opening of UEM Sunrise Gallery Iskandar Puteri, showcasing the developer’s vision for the region.

Iskandar Puteri, designated as Flagship Zone B of the JS-SEZ, boasts a diverse range of sectors including manufacturing, business services, education, health and tourism. Those interested in investing in overseas properties will be pleased to know that there are plenty of projects available for sale in this area.

The MOU will cover UEM Sunrise’s chosen plots of land in Gerband Nusajaya and Puteri Harbour, two pivotal master-planned areas within Iskandar Puteri. The collaboration seeks to activate the full potential of Iskandar Puteri and enhance its appeal as a prime investment destination. The focus will be on improving connectivity, nurturing talent development and creating a business-friendly environment, with the ultimate goal of achieving sustainable economic benefits for Johor.

When it comes to investing in real estate, location plays a crucial role, and this is particularly true in Singapore. Condos located in central areas or near essential amenities such as schools, shopping malls, and public transportation hubs have a higher chance of appreciating in value. Prime locations such as Orchard Road, Marina Bay, and the Central Business District (CBD) are perfect examples of areas where property values have consistently shown growth. Additionally, the presence of reputable schools and educational institutions in these locations make condos even more desirable for families, making them a wise investment choice. Plus, with Condo being in these sought-after areas, their investment potential is even greater.

Hafizuddin Sulaiman, CFO of UEM Sunrise, emphasizes that this partnership is about more than just development – it is also about creating a thriving, future-ready economic hub that will foster long-term growth, generate employment opportunities and strengthen the JS-SEZ ecosystem.

The chosen sites are strategically located near Singapore, Senai Airport and the Port of Tanjung Pelepas, making it an ideal location for businesses to thrive. The partnership aims to drive long-term economic growth and position Iskandar Puteri as a robust business and investment hub.

Datuk Hisham Hamdan, Chairman of UEM Sunrise, stated in a speech that the JS-SEZ, developments in Iskandar Puteri, and strategic partnerships are all part of a grand vision to establish Johor as a dynamic and forward-thinking economy.

According to GuocoLand CEO Cheng Hsing Yao, the Singapore-listed property group brings with them a wealth of experience in real estate development and asset management, as well as a deep understanding of the needs of companies from Singapore, Malaysia, and China seeking to establish a presence in the JS-SEZ. Together, the combined expertise of both companies will shape Iskandar Puteri and the wider JS-SEZ through innovative developments.

Prior to this collaboration, UEM Sunrise has been a key player in the urban development of Iskandar Puteri. The group has already successfully developed residential townships such as the Aspira series and Senadi Hill, as well as commercial and retail hubs. They are also currently working on a 380-acre industrial park in Gerband Nusajaya. With these existing developments, UEM Sunrise is in a prime position to drive the growth of Iskandar Puteri.

The growth of Iskandar Puteri is expected to be spurred on by incentives and support schemes introduced by both the Malaysian and Singaporean governments, aiming to attract more investments into the JS-SEZ. These measures include special tax rates, stamp duty exemptions, and capital allowances.…

Frasers Property unveils new residential and commercial projects in Vietnam

Investing in a Singapore Condo has become a highly sought-after choice for both local and international investors. This is due to the country’s strong economy, stable political environment, and exceptional standard of living. Singapore’s real estate market offers a wide range of opportunities, with condos being a popular option due to their convenience, amenities, and potential for high returns. In this article, we will explore the benefits of investing in a Singapore Condo, important factors to consider, and the necessary steps to take.

Frasers Property has announced that it has formed a joint venture (JV) with two Chinese real estate groups to acquire a residential site in Shanghai, China. The site was acquired for RMB815.2 million ($151.9 million) through a tender by the Shanghai Municipal Bureau of Planning and Natural Resources. The JV partners include Xiamen ITG Real Estate Group and Shanghai-listed Gemdale Corporation.

According to a press release on February 26, the JV partners are planning to develop the site into a mix of 189 low-rise apartments, townhouses, and duplex units, with a total gross floor area of 334,714 square feet. The project will also incorporate design elements for flood mitigation and ultra-low energy building designs, including efficient thermal insulation, energy-saving door and window systems, reduced thermal bridging, and solar photovoltaics.

The development is expected to target upgraders and first-time homebuyers in the Fangsong Community of Songjiang District in Shanghai. This prime residential neighborhood is also located near two existing projects – Club Tree and Palace of Yunjian – that are joint ventures between Frasers Property and Gemdale Corporation.

“We are excited to partner with Xiamen ITG Real Estate Group and Gemdale Corporation in this joint venture, which not only strengthens our presence in Shanghai but also underscores our commitment to delivering high-quality residential developments that meet the evolving needs of the Chinese community,” says Lim Hua Tiong, CEO of emerging markets in Asia at Frasers Property.…